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Boing Boing Boing $$$$$$$$$$$$$
Hangin nicely in this range, once the company Launches good gaming or hits us with some other great news the next leg up will start IMO. need a catalyst
Lets Go $CMGO
$CMGO Good-Gaming Why Google may be buying Twitch
http://www.cnn.com/2014/05/19/tech/web/google-youtube-twitch/
I'm glad everyone is awake, Now Lets get $CMGO to .10 + in short order.
onward and up we go $CMGO
It's prob some old man that doesn't have L2. LOL
Don't try to catch the falling knife here sheeple, let this oinker bottom out.
Christ Sakes looks like these guys are converting again. Smfh
spoke to soon, now etrd came down .0298 showing 100k dam
it shows 58k shares 2 mm's @ .03
CMG Holdings Group, Inc. $CMGO Reports Record Cash Flows & revenues of $1,554,748 for the Quarter
CHICAGO, IL / ACCESSWIRE / May 15, 2014 / CMG Holdings Group, Inc. (“OTCQB-CMGO”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 in which CMGO announced revenues of $1,554,748, net loss of $20,973 and deferred revenue of $3,492,754. Taking into the account the deferred revenue, all of which was billed, received and earned by CMGO during the quarter, CMGO’s revenue and net income were $5,021,415 and $1,192,361, respectively. As adjusted, the first quarter is CMGO’s strongest in its history and its performance is significantly more favorable than the forecast provided in CMGO’s April 16, 2014 Chairman’s Letter. As set forth in that letter, CMGO has been recruiting new management, and after the first quarter, engaged qualified financial personnel to match the quality of its other executives. CMGO’s goal is to continue to build on its finance personnel to be able to track, report, analyze and improve its business.
The deferred revenue relates to a Service Agreement for which performance will be materially completed later today and will be reported as part of CMGO’s GAAP revenues and net income in the second quarter’s financial statements.
GAAP pronouncements, as applied to CMGO’s business, did not allow for recognition of the generated revenues under this Service Agreement in the first quarter, even though performance was substantially completed, most of the progress payments required in the Service Agreement were made and the language of the Service Agreement itself dictates that the payments are earned when received and are non-refundable. In accordance with GAAP, CMGO recorded the billed amounts as deferred revenue. While CMGO determined through discussions with its auditor that there was no alternative presentation under GAAP available for its line of business which would reflect the monies it had earned under the contract, CMGO strongly believes that a non-GAAP presentation of its earnings are warranted.
Chairman and CEO Glenn Laken commented, "We are coming off a very strong quarter based on monies earned and cash flow and we believe it is critical for investors to have an accurate picture of CMGO’s performance. We are required to report GAAP numbers, but with the deferred revenue actually earned, in the bank and non-refundable, we believed it important to show this. We believe that the table above provides a better picture of the state of our business and enhances our shareholders’ understanding of our financial performance."
About CMG Holdings Group, Inc.
CMG Holdings, Inc., through its subsidiaries, XA, The Experiential Agency, Inc. and Good Gaming, Inc., operates in the experiential marketing and gaming businesses. XA is a marketing communications company focused on the operation of organizations in the alternative advertising, digital media, experiential and interactive marketing. XA delivers customized marketing solutions that optimize profitability by concentrating resources in the marketing communications industry. XA operates in the sectors of experiential marketing and event marketing. Good Gaming is an online gaming portal with a business objective of assisting eSports gamers to hone and elevate their skills so as to enable them to compete at a higher level in amateur through professional gaming tournaments. Good Gaming plans to provide its targeted market with access to its proprietary membership based eSports web platform and to provide a service with a monthly membership fee to its target market comprised of 16-25 year old, single, high school/college level adults with disposable income and more than 10 hours of invested game play weekly.
Non-GAAP Financial Measures
CMGO has presented above a non-GAAP financial measure of its net income and revenue. The nearest GAAP measure to the adjusted numbers provided above and the GAAP net income and revenue also listed above.
These non-GAAP measures are not in accordance with, or a substitute for, measures prepared in accordance with GAAP, and are be different from non-GAAP measures used by other companies. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with CMGO’s results of operations that would be reflected in measures determined in accordance with GAAP. These measures should only be used to evaluate CMGO’s results of operations in conjunction with corresponding GAAP measures.
These non-GAAP measures are provided to enhance investors' overall understanding of the company's current financial performance.
Caution Regarding Forward Looking Statements
Certain statements in this news release are forward-looking, including (without limitation) expectations or guidance respecting customer contract expansion, growing revenues and profits through organic growth and acquisitions, attracting new business that will increase the Company's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of the Company's selling and marketing functions, continued customer satisfaction and contract renewal, continued availability of capable dedicated personnel, continued cost management, the success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in the Company's most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
Company Contact:
646.820.1580
info@cmgo.co
SOURCE: CMG Holdings Group, Inc.
http://ih.advfn.com/p.php?pid=nmona&article=62225037
$CMGO on news and Q filing watch today.
Let's Go $CMGO
let's get there first, i know we are trading way below the value. 1 step at the time
Nice green close today 45k in dollar volume. A lot of eyes looking in. Bring on the Q and show us the BIG #'s next leg should start after that IMO.
Let's go $CMGO
Looking good here today. This 1 is a Excellent long term hold IMO
Holding up nicely here, once the Q hits the next leg up will start and get us through the 200 day MA. IMO
Lets go $CMGO
Locked & loaded here, lets get that 1000% runner #MMJ Babay!!!
After the Q hits and peeps can see the true value here i expect the pps to shoot up BIG time. Good Gaming coming on line very soon and im sure their are other aquisitions in the works. Buy & Hold Long IMO.
Lets go $CMGO
Good Morning $CMGO we are all on Q filing watch over here.
#Investors $CMGO is The #BestDamPennyStock on the #Otcbb Debt Free Company, No toxic notes Revenue generating #Profitable #Cash on the books
Loading Zone!!!! .03 ------> 200 MA .047
Its a great like in the movie "American Psycho" classico lmao
Amazing day here today guys Record Money Volume, a lot of great things coming down the road for this company, this is the beginning of something spectacular.
Off to return some video tapes now.
Lets Go $CMGO
ALERT!! .0001 WEED PLAY!!!
Slow and steady there's a lot of growth left in the PPS and the company min Target here is .20 imo Longer term a Buy out of who knows what PPS. Lock and Load baby!
Lets Go $CMGO
Load up! should be blowing right through the 200 MA once that Q comes out
The Q must be right around the corner the #'s must be BIG.
Lets Go $CMGO
after it goes higher man. C'mon now
That's why i loaded and took out all the .0001's :)
.0001 WEED PLAY!!!!!!!!!!!!!
$AGEL
200 day MA .047 I expect may blow past that. The Long Holders will make the $$ money here with possible end result in a buyout!! Just sayin.
Let's Go $CMGO
Def much bigger than .047 IMO we should see .20 minimum
Let's Go $CMGO
Load up!! Next stop .047
Let's Go $CMGO
With Company stock buy back happening Q Fins and Good-Gaming all coming soon. Pps can only go higher from these levels
Next leg starting here ahead of the monster Q about to come out IMO
Lets Go $CMGO
Nice day here .02 close. Getting ready for next leg up.
Let's Go $CMGO
Let's take down these .0014's and get this rocking!!!!!!!!!!!!!!!
Loading Zone!!!!!! BiG Boom coming!!!!!
$AEYE AudioEye, Inc. Expects First Quarter Revenue to More Than Quadruple to Over $1.0 Million vs. $0.2 Million in Prior Year Period
Annualized Revenue "Run Rate" Exceeds $4.0 Million in Most Recent Quarter
TUCSON, AZ--(Marketwired - May 5, 2014) - AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye"), creator of the Audio Internet® patented audio browsing and automated publishing technology platform, today announced that it expects to report revenue in excess of $1.0 million for the first quarter of 2014. AudioEye also announced that it will host a first quarter 2014 earnings investor conference call at 11:00 a.m. Eastern Time on Thursday, May 15, 2014 (details provided below).
This represents a sequential increase in recognizable revenue of approximately 33% relative to revenue of $752,092 in the fourth quarter of 2013 and an increase of more than 345% when compared with revenue of $224,297 in the prior-year quarter.
In addition to top line revenue growth, AudioEye maintained gross profit margins of approximately 75% of sales in the first quarter of 2014.
AudioEye also achieved the following key milestones during the first quarter of 2014:
Developed an enterprise and government sales pipeline that management believes will provide the necessary foundation to establish AudioEye as the leading solutions provider, thought leader and largest producer in the multi-billion dollar technology accessibility compliance market.
Ended the quarter with an enterprise and government sales pipeline in excess of $50 million of identified opportunities now under various stages of contract negotiation, management, development and AudioEye's sales process.
Launched its 2014 U.S. government partnership sales and business development initiative and signed contracts with several large well-regarded reseller partners to accelerate the accomplishment of strategic sales goals.
Developed revenue producing technology licensing contracts and launched sales activities within the behavioral healthcare, U.S. government and enterprise markets.
Established state government sales initiative and promoted Richard Keppler to a dedicated sales role focused on the governments of the 50 U.S. states.
Received $3.5 million of additional equity growth financing at the beginning of the quarter.
Trading in AEYE shares transitioned from the OTC BB to the OTC US market effective February 13, 2014.
Commenced the process and steps necessary to up list the Company's common stock to the NASDAQ Capital Market as soon as practicable.
Launched its Audio Internet® Version 5.0 Platform.
Installed Audio Internet® 5.0 onto the University of Arizona's website.
Named Paul Arena as AudioEye's Executive Chairman.
Welcomed Sandy Purcell as the newest independent member of the Company's Board of Directors.
"Our first quarter revenue growth enhances our confidence in AudioEye's business strategy and its patented technology, which solves critical Internet and mobile content accessibility issues for our clients," stated Nathaniel Bradley, the Company's Chief Executive Officer. "Our expanding team of technology and sales professionals is focused on achieving our goals for 2014. Revenue for the first fiscal quarter ended March 31, 2014 exceeded $1.0 million, an increase of more than 345% from prior-year quarterly revenue of $224,297. The annualized revenue 'run rate' in the first quarter exceeded $4 million. We reiterate our revenue guidance for the current year and believe the Company should achieve an annualized revenue 'run rate' of $8 million or higher within the next two quarters. Our proprietary patented technology is transforming the accessibility of Internet websites by significantly reducing the time and other resources that publishers must invest to become compliant with federal mandates."
"Customers are demanding more from us, and we believe that our team is meeting that demand with exceptional service and highly scalable technology solutions delivered through the Audio Internet® platform, which is now capable of meeting and exceeding our customers' accessibility, mobility and usability needs," continued Bradley. "The growth and broader utilization of AudioEye's Audio Internet® platform is bringing about a more accessible Internet experience, and this is a source of great pride among our team members, stakeholders and partners. We have successfully executed intellectual property licenses within the U.S. government and behavioral healthcare markets. We continue to improve upon our patented technology, grow our clientele and further position the Company for success. Our first quarter performance brings our objective of creating a robust Audio Internet even closer to fruition."
Investor Conference Call
The Company will report its first quarter operating results on May 15, 2014 before the market opens. An investor conference call has been scheduled for 11:00 a.m. Eastern Time the same day to discuss these operating results and other topics of interest.
Shareholders and other interested parties may participate in the conference call by dialing 877-374-8416 (international/local participants dial 412-317-6716) and requesting participation in the "AudioEye Conference Call" a few minutes before 11:00 a.m. EDT on Thursday, May 15, 2014.
A replay of the conference call will be available one hour after the call through Thursday, May 22, 2014 at 9:00 a.m. EDT by dialing 877-344-7529 (international participants dial 412-317-0088) and entering the conference ID # 10045626.
About AudioEye, Inc.
Incorporated in Tucson, Arizona in 2005, AudioEye focuses on working to improve the mobility, usability and accessibility of all Internet-based content through the development, sale, licensing and use of its proprietary accessibility technologies. Audio Internet® is a technology that utilizes patented architecture to deliver a fully accessible audio equivalent of a visual or mobile website in a compliant format that can be navigated, utilized, interacted with, and transacted from, without the use of a monitor or mouse, by individuals with visual impairments. For individuals with hearing impairments, Audio Internet® provides captioning for websites, while the challenges of reaching those with other impairments are also addressed by the technology platform.
Complete with an ever-growing suite of utilities tailored to the needs of different disabled users, the AudioEye® Audio Internet® Accessibility Platform is a fully scalable cloud-based solution designed and developed to meet the needs and compliance mandates for an ever-growing demographic.
AudioEye's common stock trades on the OTCQB under the symbol "AEYE". Please visit www.audioeye.com for more information.
Forward-Looking Statements
This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond the company's control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in the AudioEye's Form 10-K and other reports filed with the SEC. AudioEye is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For additional information, please contact:
Nathaniel Bradley
CEO
AudioEye, Inc.
(866) 331-5324
or
RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
Email Contact
Looks like it did already. LOL Gay